On 21 May 2025, the European Commission published a new Omnibus IV Simplification Package, a targeted legislative initiative designed to alleviate regulatory burdens and enhance proportionality for smaller businesses.
Central to this recalibrated framework is the introduction of a new category of undertakings, i.e., Small Mid-Cap companies (SMCs).
Defined in Commission Recommendation C(2025)
While the EU’s Omnibus Simplification Proposals is under legislative scrutiny towards possible changes and simplification of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD), those milestone achievements of the EU Green Deal are facing significant opposition from the US.
The US, through Senator Bill Hagerty (R-TN), has introduced the PROTECT
On 26 February 2025, the European Commission published its Omnibus simplification package which aims at simplifying several ESG-related legislations.
In the context of this publication, we offered insight on the proposals announced by the Commission, which notably included i) a proposal for a Directive amending the implementation and transposition deadlines of the Corporate Sustainability
Now that the Commission has issued its Omnibus proposal, no one can say for certain what will precisely happen to the scope and requirements of the Corporate Sustainability Reporting Directive (CSRD) in the future.
The Omnibus proposal will be debated and voted on by the EU Parliament (EP) and the EU Council, who act as
Our Head of ESG, Hashem Abdi reports back on his time at COP29.
The UN’s annual climate summit, 29th Conference of the Parties (COP29) in Baku, Azerbaijan, brought together country representatives to strategize on ambitious plans to reduce emissions, address the impacts of the climate crisis, measure progress and increase funding to tackle climate change.
Within the current transitional period of the Carbon Border Adjustment Mechanism (CBAM) running until 31 December 2025, companies are facing various difficulties in their reporting obligations, including hurdles in gathering data on embedded emissions from their third-country suppliers.
As a rule, in the absence of actual data on emissions embedded in CBAM goods to
In an interview given to the French weekly newspaper Le Journal du Dimanche on October 20, French Prime Minister Michel Barnier proposed adopting a “sort of moratorium” to delay the entry into force in France of specific texts, including the Corporate Sustainability Due Diligence Directive (CSRD).
In the meantime, the French Senate adopted on October
On 16 October 2024, the French Anti-Corruption Agency (AFA)[1] published guidance intended to help entities, subject to the Corporate Reporting Sustainability Directive (CSRD)[2], report on their antibribery and corruption (ABC) compliance program.
Under the European Sustainability Reporting Standards (ESRS)[3] G1 – Business conduct